Economy

Fed Officials See No Need for Rate Cuts Amid Weak Factory Data

Fed Officials See No Need for Rate Cuts Amid Weak Factory Data
Two unidentified women walk past a video $100 bill during a tour of the "Money in Motion" exhibit at the Philadelphia Federal Reserve Bank in Philadelphia, Penn., on July 2, 2003. William Thomas Cain/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Three top Federal Reserve officials said in separate interviews on Jan. 3 that they have enough confidence in the strength of the U.S. economy to favor maintaining the central bank’s current freeze on further interest rate cuts.

Cleveland Federal Reserve Bank President Loretta Mester, Dallas Federal Reserve Bank President Robert Kaplan, and Chicago Federal Reserve Bank President Charles Evans all said they’ve seen no justification to drop the central bank’s current “on hold” policy.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
twitter
Related Topics